Common mistakes to avoid when starting a business

Launching a small business can be risky and success is not always guaranteed. Businesses are most vulnerable to failure during the early years of trading, however, with hard work and an awareness of the issues, a new business can be a great success.

This guide highlights the most common mistakes that new business owners make and provides guidance on how to avoid them. This includes:

• poor or inadequate market research
• weak financial planning
• unrealistic goals
• taking your eye off the competition
• poor stock control
• hiring the wrong people

Free business start-up support

Access free start-up business support from your local council. If you have a great idea but you're not sure how to turn it into a business, or you have already started out in business and require mentorship on your next steps, Go Succeed Start experts will help you to create a business plan, seek funding and put all the foundations in place to get your business up and running.

Complete a short enquiry form or call 0800 027 0639 to register for this free advice and guidance.